Crown Crafts, Inc. (CRWS) Receives “Mkt Perform” Rating from FBR & Co
Crown Crafts, Inc. (NASDAQ:CRWS)‘s stock had its “mkt perform” rating restated by FBR & Co in a report issued on Tuesday, July 11th, MarketBeat Ratings reports. They currently have a $7.00 price objective on the textile maker’s stock. FBR & Co’s price target points to a potential upside of 26.13% from the stock’s current price.
Several other research firms have also recently issued reports on CRWS. Roth Capital set a $9.00 price objective on shares of Crown Crafts and gave the stock a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research cut shares of Crown Crafts from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Finally, TheStreet lowered shares of Crown Crafts from a “b-” rating to a “c+” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.81.
Crown Crafts (CRWS) opened at 5.55 on Tuesday. Crown Crafts has a 52-week low of $5.40 and a 52-week high of $10.24. The company’s 50-day moving average price is $6.36 and its 200-day moving average price is $7.38. The company has a market cap of $55.82 million, a price-to-earnings ratio of 10.09 and a beta of 0.47.
Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings data on Wednesday, June 14th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $17.31 million for the quarter, compared to analysts’ expectations of $20.89 million. Crown Crafts had a return on equity of 14.07% and a net margin of 8.45%. Equities research analysts expect that Crown Crafts will post $0.52 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the company. WCM Investment Management CA raised its stake in shares of Crown Crafts by 0.8% in the second quarter. WCM Investment Management CA now owns 297,953 shares of the textile maker’s stock valued at $2,071,000 after buying an additional 2,335 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Crown Crafts by 20.9% in the second quarter. North Star Investment Management Corp. now owns 423,272 shares of the textile maker’s stock valued at $2,942,000 after buying an additional 73,206 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Crown Crafts during the first quarter valued at approximately $154,000. Bard Associates Inc. raised its stake in shares of Crown Crafts by 1,659.8% in the first quarter. Bard Associates Inc. now owns 180,120 shares of the textile maker’s stock valued at $1,481,000 after buying an additional 169,885 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Crown Crafts by 5.7% in the first quarter. Royce & Associates LP now owns 209,900 shares of the textile maker’s stock valued at $1,732,000 after buying an additional 11,400 shares in the last quarter. Hedge funds and other institutional investors own 42.18% of the company’s stock.
Crown Crafts Company Profile
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.
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